Shareholders meeting

Date: September 16, 2026 To, To, The Manager The Manager Listing Department Listing Department BSE Limited (“BSE”) National Stock Exchange of India Limited (“NSE”) Phiroze Jeejeebhoy Towers, “Exchange Plaza”, 5th Floor, Plot No. C/1, G Block, Dalal Street, Bandra-Kurla Complex, Bandra (East), Mumbai – 400001 Mumbai – 400051. BSE Scrip Code: 543426 NSE Symbol: METROBRAND Sub: Summary of the Proceedings of the 49th Annual General Meeting (“AGM”) of Metro Brands Limited (“the Company”) pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”). Dear Sir/ Ma’am, Pursuant to Regulation 30 read with ‘Part A’ Schedule III and other applicable regulations, if any, of the SEBI Listing Regulations, please find enclosed herewith summary of Proceedings of the AGM of the Company held on Wednesday, September 16, 2026, which commenced at 3:00 p.m. and concluded at 4:24 p.m. through Video Conferencing (“VC”)/Other Audio-Visual Means (“OAVM”). Kindly take the above on records and acknowledge the same. Thanking you. Yours faithfully, For Metro Brands Limited, Deepa Sood Chief Legal Officer, Company Secretary and Compliance Officer Membership No. 16019 Encl: As Above Summary of Proceedings of the 49th AGM of the Company The 49th AGM of the Company was held on Wednesday, September 16, 2026, at 3:00 p.m. (IST) through Video Conferencing and other audio-visual means (‘VC/OAVM’). Mr. Rafique Abdul Malik, Chairman of the Company, chaired the Meeting. He welcomed the Members to the Meeting and informed that the meeting was in order as the Quorum was present. Eighty-seven (87) Members were present in the meeting through VC/OAVM. Ms. Deepa Sood, Chief Legal Officer, Company Secretary & Compliance Officer of the Company, briefed the Members in relation to participation at the Meeting through VC/OAVM. She further informed the Members that the Meeting was in compliance with the Secretarial Standards, circulars issued by Ministry of Corporate Affairs and Securities & Exchange Board of India. She further informed that, since the meeting was held through VC/OAVM, the facility for appointing proxy was not available. Statutory Registers, Documents and Records as required by law were open and accessible for electronic inspection during the continuance of the Meeting. The following Directors and Key Managerial Personnel (KMP) attended the meeting through VC/OAVM: Sr. Name of the Designation Membership/Chairmanship in Place of No Directors / KMP Committee attending VC/OAVM 1. Mr. Rafique Abdul Chairman - Mumbai Malik 2. Ms. Farah Malik Managing  Chairperson of: Mumbai Bhanji Director a. Corporate Social Responsibility & Sustainability Committee; b. Share Allotment and Transfer Committee  Member of: a. Audit Committee; Sr. Name of the Designation Membership/Chairmanship in Place of No Directors / KMP Committee attending VC/OAVM b. Stakeholders Relationship Committee; and c. Investment Committee 3. Ms. Alisha Rafique Whole-time - Mumbai Malik Director 4. Mr. Mohammed Whole-time  Member of Stakeholders’ Mumbai Iqbal Hasanally Director Relationship Committee Dossani 5. Mr. Bhaskar Bhat Independent  Chairperson of Nomination, Bangalore Director Remuneration and Compensation Committee  Member of Audit Committee 6. Ms. Radhika Dilip Independent  Chairperson of Stakeholders’ Mumbai Piramal Director Relationship Committee  Member of Corporate Social Responsibility & Sustainability Committee 7. Mr. Sonny Iqbal Independent  Member of: Delhi Director a. Nomination, Remuneration and Compensation Committee b. Corporate Social Responsibility & Sustainability Committee; 8. Mr. Mithun Padam Independent  Member of: Hongkong Sacheti Director a. Audit Committee b. Nomination, Remuneration and Compensation Committee. c. Share Allotment and Transfer Committee 9. Mr. Nissan Joseph Chief  Member of Share Allotment Mumbai Executive and Transfer Committee Officer (CEO) Sr. Name of the Designation Membership/Chairmanship in Place of No Directors / KMP Committee attending VC/OAVM 10. Mr. Kaushal Parekh Chief  Member of Risk Management Mumbai Financial Committee Officer (CFO) 11. Mr. Mohit Dhanjal Chief - Mumbai Operating Officer (COO) 12. Ms. Deepa Sood Chief Legal - Mumbai Officer & Company Secretary Mr. Vikas Vijaykumar Khemani, Independent Director and Mr. Utpal Hemendra Sheth, Non- Executive Nominee Director could not join the meeting due to pre-occupation. The Company Secretary also introduced the following persons who had joined the Meeting:  Mr. Firoz Pradhan and Ms. Mansi Doshi representing M/s. S R B C and Co. LLP, Statutory Auditors of the Company;  Mr. A Sekhar (CS Sekar Ananthanarayanan), Secretarial Auditor of the Company;  Ms. Ashwini Inamdar and Ms. Alifiya Sapatwala, Partners of Mehta & Mehta, Practicing Company Secretaries, as Scrutinizer. Thereafter, Ms. Farah Malik Bhanji, Managing Director of the Company, welcomed the shareholders to the 49th AGM and expressed her gratitude for their continued trust and support. She highlighted the resilient growth of the Indian footwear industry and stated that FY 2025-26 demonstrated the resilience of the Company’s business, with consolidated revenue from operations growing by 14.2% to Rs. 2,864 crores. Revenue growth strengthened progressively during the year, from 9% in Q1 to 20% in Q4. She further stated that EBITDA increased by 14.5% to ₹ 869 crores and profit after tax increased by 17.3% to ₹ 416 crores, with EBITDA margin at 30.3%, despite continued investments in stores, marketing, technology and newer formats. She highlighted the Company’s continued focus on sustainability, including the scaling of its footwear recycling programme and achieving full recycling coverage against the footwear sold during the year. She further reaffirmed the Company’s commitment to responsible & thoughtful expansion, responding to evolving customer needs and building a stronger, more responsive and sustainable business, and placed on record her appreciation for the employees, partners, customers, shareholders and Independent Directors for their continued support and guidance. Thereafter, Mr. Nissan Joseph, CEO of the Company, highlighted the key achievements and strategic initiatives during FY 2025-26. He informed the shareholders that the Company crossed the milestone of 1,000 stores, with 147 stores opened and 23 stores closed during the year, resulting in 124 net additions and taking the year-end network to 1,032 stores. He stated that the integration of the Company’s physical and digital networks supported strong growth in E-commerce, with revenue increasing by 39% and contributing 12.9% of overall revenue. He also highlighted investments in distribution infrastructure, supply chain, talent, marketing and customer engagement, as well as the increasing use of technology, data and AI to strengthen decision-making and execution. He further highlighted newer partnerships and formats across comfort footwear, sneaker culture, sports performance and athleisure, including MetroActiv, Foot Locker, FILA, New Era and Clarks, which broadened the Company’s offering to consumers. He reaffirmed the Company’s commitment to customer experience, sustainable growth and long-term value creation, and expressed his gratitude to the shareholders, customers, employees and other stakeholders for their continued trust, support and contribution to the Company’s journey. The following business, as set out in the Notice convening the AGM of the Company, was transacted at the Meeting through e-voting: Resolution Particulars Type of No. Resolution 1. To receive, consider and adopt- Ordinary a) The audited standalone financial statements of the Company for the Financial Year (“FY”) ended March 31, 2026, together with the reports of the Board of Directors and the Auditors thereon; and b) The audited consolidated financial statements of the Company for the FY ended March 31, 2026, together with the Report of the [Showing first 8,000 characters — download PDF for full document]